Earnings ·
Teekay Tankers Ltd. reported second quarter 2026 GAAP net income of $225.9 million ($6.49 per share) and adjusted net…
TNKTeekay Tankers Ltd.
Teekay Tankers Ltd. reported second quarter 2026 GAAP net income of $225.9 million ($6.49 per share) and adjusted net income of $193.6 million ($5.56 per share), marking the highest quarterly adjusted net income in company history. Record spot rates for Suezmax tankers at $109,200 per day and Aframax/LR2 tankers at $74,100 per day drove results amid geopolitical disruptions closing the Strait of Hormuz. The company acquired two Korean Suezmax newbuilding contracts for $190 million with 2027 delivery and sold a 2009-built Suezmax tanker for a $32.3 million gain. Additionally, Teekay Tankers declared a quarterly cash dividend of $0.25 per share payable on August 21, 2026 to shareholders of record as of August 10, 2026. The company operates in the global crude and product tanker shipping industry.